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| Exchange Disseminated Time 03/08/2017 13:23:31 | Transformers and Rectifiers (India) Ltd has informed BSE that the Board of Directors at its Meeting held on August 03, 2017, were considered, discuss and approved the following matters:
1. To obtain enabling approvals, from the shareholders for issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment for an amount not exceeding Rs. 250 crore. Further members approval shall be obtained in forthcoming Annual General Meeting for this matter
2. Subdivision of Equity Share from the face value of Rs. 10/ per share to Rs. 1/- per share, subject; to approval of the Members.
The Meeting of Board of Director commenced at 12:00 Noon and concluded at 01:00 p.m. |
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